Polyvinylidene chloride (PVDC) Coated Films Market to Gain Over 1/3rd of Valuation from Sales of Polypropylene Films: Future Market Insights
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Implementation of stringent regulation regarding carbon emission in countries such as the U.S., India, and China is encouraging product manufacturers to adopt environment-friendly coated films for packaging such as PVDC coated films. Driven by this, the sales of PVDC coated films are estimated to rise at 4.6% CAGR during the forecast period between 2022 and 2028.
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PVDC coated films have a wide range of applications across the food & beverage industry owing to their ability to increase the product shelf life by shielding the product from moisture, and ultraviolet (UV) radiation. On account of this, the market is projected to reach US$ 12.3 Bn by the end of 2028.
Further, these films are extensively being used as packaging solutions for products such as wafers, cheese, biscuits, meat, poultry, and others. Hence, increasing demand for aforementioned products is anticipated to create immense growth opportunities in the market.
Among the substrate material type, the polypropylene segment is projected to outpace the other segments, accounting for around 33.2% of the total sales in 2022. Increasing use of polypropylene films across the cosmetic & personal care sector, owing to its excellent barrier properties to corrosion, pollutants, chemicals, and moisture is driving the growth in the segment.
"Surging demand for high barrier packaging films across the pharmaceutical industry and shifting customer preference towards adoption of bioplastic materials for packaging applications is expected to create a conducive environment for PVDC coated films market growth," says a FMI analyst.
Key Takeaways from PVDC Coated Films Market Study
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Key Drivers
Key Restraints
Competitive Landscape
Leading manufacturers in global PVDC coated films market are focusing on increasing their production capacity to address the increasing demand across diverse industries. Besides this, some of the key players are aiming at expanding their product portfolio to strength their footprint in the market.
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Some of the key players operating in the market profiled by FMI are:
More Valuable Insights on PVDC Coated Films Market
A new report published by FMI offers an in-depth analysis of the global PVDC coated films market, uncovering vital dynamics accelerating the market growth between 2021 and 2031. The survey also forecast sales projections for PVDC coated films market with detailed segmentation:
By Substrate Material:
By Application:
By End Use:
By Region:
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